CPG 235 — Prudential Practice Guide CPG 235 - Managing Data Risk

The Prudential Practice Guide CPG 235, published by the Australian Prudential Regulation Authority (APRA), aims to help regulated financial institutions develop robust strategies for managing risks tied to their data assets. The guide emphasizes the importance of data management frameworks, risk assessments, and operational controls in safeguarding data integrity, availability, and confidentiality. While not a prescriptive standard, it serves as an advisory guide to align data risk management practices with prudential standards and regulatory expectations. Key themes include governance, accountability, and embedding effective controls. Institutions are encouraged to consider their size, complexity, and risk profile when implementing recommendations from this guide.